Basel Committee agrees on Basel III regulations
The Basel Committee on Banking Supervision has agreed on Basel III regulations text which pertains to regulatory benchmarks on capital adequacy and liquidity. The liquidity coverage ratio and the net stable funding ratio will be monitored for a period and will include a revision clause. The Committee expects to publish the Basel III rules text by the end of 2010.

Central Bank of Ireland reports bonus payments to senior bankers
The Central Bank of Ireland, in a review of pay practices and principles at Irish banks, has found that senior bankers have continued to receive bonus payments since January 2009. Consequently, the central bank has sent warning letters to banks to introduce pay changes, stating that these banks are taking improper risks by continuing with their existing pay practices.

BofA fined $139m for fraud
Bank of America (BofA) has been fined $139 million by the US government for fraud concerning the bidding process for state and government agencies that planned to invest money raised via municipal bonds. The bank allegedly rigged the bidding contest and exchanged information with other firms on competing bids.   

FSA appoints two senior advisers
The UK’s Financial Services Authority (FSA) has appointed Simon Prior-Palmer and Robert -Palmer Stansbury as senior advisers. Prior-Palmer, previously head of Credit Suisse’s investment banking division, will provide advice on investment banking while Stansbury will provide risk management advice.

Nepal Rastra Bank prohibits lenders from establishing extension counters
Nepal Rastra Bank, the country’s central bank, has prohibited lenders that did not sustain an adequate paid-up capital and reduce their non-performing loans to below 5% from establishing additional extension counter...

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Keywords:Central Bank Of Ireland, BofA, FSA, Nepal Rastra Bank